• openAccess   Housing Market Bubbles and Business Cycles in an Agent-Based Credit Economy 

      Erlingsson, Einar Jón; Cincotti, Silvano; Stefánsson, Hlynur; Sturluson, Jon Thor; Teglio, Andrea; Raberto, Marco Dennis J. Snower (2013)
      In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes different economic agents that interact using simple behavioral rules through various markets, i.e., the ...
    • openAccess   On the distributional properties of size, profit and growth of Icelandic firm 

      Erlingsson, Einar Jón; Alfarano, Simone; Raberto, Marco; Stefánsson, Hlynur Springer Verlag (2012)
      In this paper, we analyze the distributional properties of the balance sheets of Icelandic firms by performing an empirical analysis of total assets, profit rates and growth rates using a data set of 2,818 Icelandic firms ...